China swung to a surprise trade deficit in February of $7.3 billion, its largest in seven years, as the Lunar New Year holiday dealt an unexpectedly sharp blow to exports.
Inside these posts: Trade deficit
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November trade deficit dips to $38.3 billion
The U.S. trade deficit narrowed unexpectedly in November as exports climbed to the highest level in more than two years, government data showed on Thursday.
The trade gap dipped to $38.3 billion from $38.4 billion in October, the Commerce Department reported. Analysts surveyed before the report had expected the November trade deficit to widen slightly to $40.5 billion from October’s originally reported $38.7 billion. Get the full story »
Dec. 10, 2010 at 10:25 a.m.
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Filed under: Economy, Government, International, Trade, Updated U.S. trade gap narrows in October
The U.S. trade deficit narrowed much more than expected in October, as exports rose a robust 3.2 percent and imports declined slightly in the face of slackening demand for industrial and petroleum products, a Commerce Department report showed on Friday. Get the full story »
U.S. trade deficit widens in June
The U.S. trade deficit widened a surprising 18.8 percent in June on a surge of consumer goods from China and other suppliers, suggesting U.S. second-quarter economic growth was much weaker than previously thought. The monthly trade gap totaled $49.9 billion, the highest since October 2008, the Commerce Department reported on Wednesday, as U.S. exports stumbled a bit. Get the full story »
Widening U.S. trade deficit raises double-dip fears
Don Lee | The U.S. trade deficit unexpectedly jumped in May, to the highest level since November 2008, prompting some analysts to sharply cut their economic growth forecasts for the just-completed second quarter and other economists to warn of rising risks of a double-dip recession.
The Commerce Department said Tuesday that the trade gap rose to $42.3 billion in May, up nearly 5 percent from April’s $40.3 billion. Economists had expected the May deficit to dip slightly to about $39 billion as oil prices were lower and retail sales fell that month. Get the full story »
